BTC tends to bounce between the SMA "belts" of my indicator, I think this could easily happen, if it does I think it will delay the bottom of this bear market in bitcoin, it could be a tradeable bounce.
On my previous BTC analisys I was contemplating the idea that once the price firmly breaks under the 200 day SMA it's all over and the bull market gives way to a bear market. It seems like my idea is being confirmed so far, I also was playing with the idea of dating the time of the bottom by using the crossover point of the bull run "floor" and the last downtrend...
If BTC doesn't break above the 200 day SMA it is goin to go much lower in my opinion.
No idea where is going to go, up or down, but it seems quite clear to me what's happening. I lean on bearish, because on daily candles the 50MA is right above and I guess It will act as resistance.
If it hits the 0.26 USD again, I think ADA will breakdown to 0.137 USD
It seems two strong trendlines are coming to a clash in Bitcoin, the (red) downward trendline from the ATH and the Hyperwave phase 3 that it has been reinforced by numerous hits a long the way (Hyperwaves phases get stronger the more hits and intra-week penetrations they endure) - Seems like the 200 MA and 50 MA on the daily candles won't be crossing before this...
Bullish pennant about to breakout on LTC 260 USD as target
Monero already breaking up, not much resistance up to 415 USD. I might even break that resistance and make a new all time high.
Well, not much to say, it has already hit the neckline on the 4h candle. Let's see how this 4h candle closes. 200 MA might give some support. I'm kinda bearish now.
Maybe too early to call, but bitcoin seems to be bouncing of the 9.700 USD support and forming a cup and handle bullish pattern for a target around 17.000 USD. We'll see if it's able to break the 50 MA resistance, the downtrend resistance and the neckline resistance for the breakup to occur, even if it's able to break those resistance, they will delay the breakup...
Descending triangle about to breakdown on BITSTAMP:XRPUSD I Cant see any support down to 0.76 USD
Seems like ETH will breakdown and there is not much support down to 0.05 BTC, only the 200 MA (red line) could offer some.